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Dec 27, 2012
12/12
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. >> i don't think this is the uk, but i think it's somewhere in europe. >> ah -- whoa. my goodness. >> that is a herd of sheep. >> it looks like a river. it looks like you're sitting in a river the sheep. >> sheep river. wool river. these people think there are about 1,000 sheep in this flock going by on a road somewhere in a forest. it was summer when they filmed this and these sheep just got in the way. all you could do was wait. >> at least the car got a nice -- all these sheep going by with the wool. cleaned the car off good. >> these couple of sheep have stopped. like, hey -- what's -- oh. just keep moving. >> you don't see anybody, like, herding them or anybody pointing them in the right direction. it's just, hey, they're going down this road. >>> so mom tells her kid to wake pajamas and do this dance. if he does all this, it's going to snow. and then it snowed, and this is his reaction. ♪ >> holy [ expletive]. >> oh, boy! >> i don't think mom expected that. >> but there really is no better word that moment than the s word! >> holy [ expletive]. >> like, his min
. >> i don't think this is the uk, but i think it's somewhere in europe. >> ah -- whoa. my goodness. >> that is a herd of sheep. >> it looks like a river. it looks like you're sitting in a river the sheep. >> sheep river. wool river. these people think there are about 1,000 sheep in this flock going by on a road somewhere in a forest. it was summer when they filmed this and these sheep just got in the way. all you could do was wait. >> at least the car got a...
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Dec 19, 2012
12/12
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i mentioned the national interest clauses in the statement on europe on monday. i think those can only be triggered if the our emergency conditions but i look carefully at what he said. >> a month ago the prime minister told the house that universal credit is in place work incentives for people at all levels of income. why then does the department now say that universal credit will mean that working women will consider getting off work? >> that's not the case at all. universal credit means because we are bringing different benefits together, what it means is that people will always be better off in work and people always be better off working extra hours. that is what we are doing. they had 13 years to sort out this poverty crap and completely failed. >> mark spencer. >> thank you my constituents is currently stuck in cuba despite having a british passport. i wonder if the prime minister could encourage the cuban authority to look with compassion and speed to try to get you'll be back home for christmas with his family? >> i quite understand why my honorable frie
i mentioned the national interest clauses in the statement on europe on monday. i think those can only be triggered if the our emergency conditions but i look carefully at what he said. >> a month ago the prime minister told the house that universal credit is in place work incentives for people at all levels of income. why then does the department now say that universal credit will mean that working women will consider getting off work? >> that's not the case at all. universal...
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Dec 21, 2012
12/12
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CNBC
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and europe then pushed the free trade. the euro itself actually owes a lot to the uk's expertise. the creation of the euro, a lot of people within the euro were saying, well, you know, we're going to go ahead along and do this and we're going to do this and we're going to do that. and it was the expertise of the city of london and the british civil severalants heading the european euro projects who said actually, no, that won't work in practical terms. politicians have to live in the real world. >> and maybe to pander to people in the way that there are fears that they may have. even all of that said, how important is it for the eu that they maintain this relationship? >> well, i think the relationship has got to change. so my view is that the euro absolutely survives. ubs has always, always believed that the euro will be 17 countries. it should never have been created, you about now that it's here, it must stay intact. but the eu's relationship, that i think probably does have to adjust. because the eurozone has to integr
and europe then pushed the free trade. the euro itself actually owes a lot to the uk's expertise. the creation of the euro, a lot of people within the euro were saying, well, you know, we're going to go ahead along and do this and we're going to do this and we're going to do that. and it was the expertise of the city of london and the british civil severalants heading the european euro projects who said actually, no, that won't work in practical terms. politicians have to live in the real...
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Dec 11, 2012
12/12
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we're seeing definitive bifurcation of northern europe and southern europe. southern europe, we are creating an underclass of long-term, especially youth unemployed that is going to give us a problem when the economies eventually start to get into balance and start to pick up. we still have this issue, even though we have tens of millions of people out of work, we still can't find the right skills and the right time. >> you mentioned the uk. the unemployment picture never got that bad in britain. so what happens now? why did it outperform? >> the uk is so different from the rest of europe. we've got london, the financial services sector, that didn't actually, in terms of job numbers, get hit as hard as the rest of europe. so the uk has been pretty resilience. that is starting to create jobs regionally all around the country. the thing we have to look at, though, is a lot of the jobs that have been created are part-time and temporary. but both are still jobs and now jobs are being created in the uk. >>. >> david there speaking with ross. >>> now, the fed begin
we're seeing definitive bifurcation of northern europe and southern europe. southern europe, we are creating an underclass of long-term, especially youth unemployed that is going to give us a problem when the economies eventually start to get into balance and start to pick up. we still have this issue, even though we have tens of millions of people out of work, we still can't find the right skills and the right time. >> you mentioned the uk. the unemployment picture never got that bad in...
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Dec 3, 2012
12/12
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much less consumer dependent than what we see maybe in europe and the u.s. but, yes, that meeting is just back into expansion territory. that's good in itself. global growth will be looking for china to be going ahead. so good but modest. so any demand elsewhere could have an impact on china. >> have we had the china slowdown? >> we've had mosts of it i think. but again, china is very much in recent line with the cycle of the global economy and we'll be looking for some of the big growth engines to help them, as well. >> what's the chinese swing factor for investors? >> sitting in europe clearly it's something we focus upon. is it a driving force, absolutely not. the tail risk i think is what scares us. so do i feel heartened by the numbers in china, yes, it's kind of a positive. but there's more important things. >> if you're worried about synchronized global slowdown, you need one begin sort of spluttering on a little bit better. >> the difficulty is that it's a very large consensus among the investors in europe that come what may, they're not going to fee
much less consumer dependent than what we see maybe in europe and the u.s. but, yes, that meeting is just back into expansion territory. that's good in itself. global growth will be looking for china to be going ahead. so good but modest. so any demand elsewhere could have an impact on china. >> have we had the china slowdown? >> we've had mosts of it i think. but again, china is very much in recent line with the cycle of the global economy and we'll be looking for some of the big...
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Dec 27, 2012
12/12
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that is not the case in europe. you have, therefore, you don't have the incentive to take risks, to take the investment as you have in other parts of the world. >> are you plaming the french regulator for being responsible of the price war? >> blaming is such a typical word. i'm making an analysis. the realities are that if you have to invest as an operator, your investment incentives in the u.s. to take an example are very different than what they are in europe. that's a fact. it's not the blame, it's a fact. if your objective is low price for consumers, you got exactly what you wanted. but don't expect a lot of activities will start here in europe. >> do you think it's sustainable, this price determination? >> those are two very different worlds. personally, i think if you look to europe, we should have a stimulus for the right incentives been we need cross border merges. we need innovation, home grown innovation. we need to be active for that. we need to make stimulus for that. and that's not with just big compan
that is not the case in europe. you have, therefore, you don't have the incentive to take risks, to take the investment as you have in other parts of the world. >> are you plaming the french regulator for being responsible of the price war? >> blaming is such a typical word. i'm making an analysis. the realities are that if you have to invest as an operator, your investment incentives in the u.s. to take an example are very different than what they are in europe. that's a fact. it's...
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Dec 5, 2012
12/12
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banks not doing too badly in europe as well. as far as debt markets, we had a spanish auction as well a short while ago. yields in spain, slightly higher on the back of it, up 5.35 percent. they did raise four and a quarter between the 3.5 to 4.5 billion they were looking the raise. they didn't get the total 4.5 billion, but it was across the three, seven and ten years. yields actually lower from previous auctions, still a bit higher on the seven year. what was interesting was the spanish ten year auction yield this morning came in 5.32%, pretty close to the cash yield as well. 5.46% was what the yield was in october, and 2.3 times. the ten-year today was better. they are now pre-funding for 2013. they've done the 2012 funding. on the commodity markets -- sorry, on the currency markets this is where we stand at the moment. aussie/dollar might be a little bit firmer, bearing in mind the sterling taking a bit of a dip. new orders contracting in the services pmi. for the first time since december 2010, not a good outlook for mr. os
banks not doing too badly in europe as well. as far as debt markets, we had a spanish auction as well a short while ago. yields in spain, slightly higher on the back of it, up 5.35 percent. they did raise four and a quarter between the 3.5 to 4.5 billion they were looking the raise. they didn't get the total 4.5 billion, but it was across the three, seven and ten years. yields actually lower from previous auctions, still a bit higher on the seven year. what was interesting was the spanish ten...
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Dec 18, 2012
12/12
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europe is much stronger for obvious reasons. but i think we have nice balance of growth around the world. >> so just on the middle east, i'm assuming that business in most areas of the middle east has been quite tough here over the past two years especially or are you seeing pockets continuing to grow despite the -- >> yeah. so uae in saudi has been very strong. but clearly egypt and places like syria have been affected. and we've defer natalie seen a reduction in the market. but less growth than we've seen in the past. but i think, again, over time, it's a wealthy part of the world. >> there's speculation that you could be selling somewhere in the region of $2 billion worth of assets in hong kong, london, new york, paris. are you? >> no, no. too much speculation. we have on the market a slight hiccup in that process where we've gone with one party, we're now going to go back out to the markets. and then we said early next year we'll put our london intercontinental on the market. >> why? >> because we're very clear about that. o
europe is much stronger for obvious reasons. but i think we have nice balance of growth around the world. >> so just on the middle east, i'm assuming that business in most areas of the middle east has been quite tough here over the past two years especially or are you seeing pockets continuing to grow despite the -- >> yeah. so uae in saudi has been very strong. but clearly egypt and places like syria have been affected. and we've defer natalie seen a reduction in the market. but...
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Dec 20, 2012
12/12
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and europe is not doing well. we all know that. but i think europe has stopped deteriorating. so if we look at the pmi numbers, for example, they're still really bad, but they have stopped going down and some of the numbers increased even though they're still well below 50. all of this together means that i think it's going to be a very interesting year for equities that will make money in equities this year. >> virginie, if there's any good news for investors, maybe they can focus on fundamentals or looking at some particular companies, you know, is it a stock picker's market, that kind of thing. but we have major electrics. especially just mentioned europe, we have german elections, we have what's going on in italy. is it going to still be about politics or is it a market that will overcome that? >> i think clearly if near death is behind us, this election will have an impact, but not as much as with this waiting on the markets in the past couple of years. clearly with italy coming up quite soon, find out if we're going to have somebody against reform or for reform. as we've
and europe is not doing well. we all know that. but i think europe has stopped deteriorating. so if we look at the pmi numbers, for example, they're still really bad, but they have stopped going down and some of the numbers increased even though they're still well below 50. all of this together means that i think it's going to be a very interesting year for equities that will make money in equities this year. >> virginie, if there's any good news for investors, maybe they can focus on...
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Dec 22, 2012
12/12
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i don't think even if it has a heather girl people who voted the second pass system in europe. in this case, i do not think because there's a high percentage of children living in aberdeen that that means are ready to save the people well enough. we should have issues like increasing the minimum wage because that is affecting every single young person's employment. thank you. [applause] >> how about a young person from the southeast? to a quick click [inaudible] concerts that raised young person is important. from scotland, northern ireland, west of england by transport. however this is a lingering issue. we have tried again and again to try and make cheese and make transport cheaper, but we have moved issues different because we know this is the people. as young people we have to make this a national issue, not just one year after year. this is the year of change. 2013 is coming. we can't have the same issues. it's not supposed to be fair on everyone. so i beg you, let's try something different. [applause] >> how about the female speaker from the northwest? anybody from the no
i don't think even if it has a heather girl people who voted the second pass system in europe. in this case, i do not think because there's a high percentage of children living in aberdeen that that means are ready to save the people well enough. we should have issues like increasing the minimum wage because that is affecting every single young person's employment. thank you. [applause] >> how about a young person from the southeast? to a quick click [inaudible] concerts that raised young...
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Dec 6, 2012
12/12
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and stocks in europe are trading higher. aerospace giant has unveiled its ownership restructuring plans. apple and samsung are heading back to a californian courtroom today to renew their dispute. hearing starts at 4:30 eastern. samsung wants the court to toss out a jury verdict for patent infringement. apple wants to block some sales of samsung smartphones in the united states. apple suffered its worst day in four years and may be creediedi ground in the market. 417 companies in the s&p have a market cap below $35 billion. in frankfurt right now, apple stock down 3%. i'm afraid more bad news, as well, coming out of china. because apparently apple's rang in china smartphone market which will become the largest this year is down two spots to number six in the third quarter. suffering tough competition from chinese brands. this is according to idc. they say the u.s. market share in china under 10% in the third quarter. idc's release comes a day after the stock fall. so there will be more concerns about where aem goes in terms
and stocks in europe are trading higher. aerospace giant has unveiled its ownership restructuring plans. apple and samsung are heading back to a californian courtroom today to renew their dispute. hearing starts at 4:30 eastern. samsung wants the court to toss out a jury verdict for patent infringement. apple wants to block some sales of samsung smartphones in the united states. apple suffered its worst day in four years and may be creediedi ground in the market. 417 companies in the s&p...
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Dec 7, 2012
12/12
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because the economy has been doing really very well within europe. so you could see german margins under a little bit of pressure, but then that could also suggest as i say that some of those projections for the german economy are a bit -- >> what assumptions are you making in this about the fiscal cliff and about further risks from eurozone financial crisis? go . >> we know the markets are driven on a minute by minute basis, but if we just step back from that, the chances that in two to three months from now, obviously we could briefly go over in january, i think that's unlikely, the chance that we'll really have the u.s. economy squeeze by 4%, 5% of gdp, i think it's incredibly unlikely. >> what are you assuming about the ongoing eurozone -- >> the eurozone, if we go through a series of ticks, we have had a lot of progress this year. you have to be clear about that. and not just with all the various government actions. look at wages in greece and now spain. wages in greece are down more than 25%. very painful, but we've heard about the pain already
because the economy has been doing really very well within europe. so you could see german margins under a little bit of pressure, but then that could also suggest as i say that some of those projections for the german economy are a bit -- >> what assumptions are you making in this about the fiscal cliff and about further risks from eurozone financial crisis? go . >> we know the markets are driven on a minute by minute basis, but if we just step back from that, the chances that in...
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Dec 3, 2012
12/12
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but, you happen, obviously europe is years behind the u.s. in terms of reforming its private sector financial system and those continue to be an issue going forward. but i quickly have linked to what i said before. i know investors are looking at investing in european financials and haven't dreamt of that for years. that's a mood that has grown in the past couple of weeks. >> it's steve mcmahon. would you say the global markets are anticipating that america will go over the cliff or do you think global markets are anticipating this will be resolved somehow? i think the markets are assuming that even if there is some shift over the cliff, it will be temporary and some kind of deal will be cobbled together before the inauguration. is my best summary of it and that is really what i'm assuming. but i think markets are thinking there's not going to be anything dramatic and substantial. but i think people expect some kind of deal. >> part of the problem is people need to look at the rules in the senate. unless the senate changes their rule. if you
but, you happen, obviously europe is years behind the u.s. in terms of reforming its private sector financial system and those continue to be an issue going forward. but i quickly have linked to what i said before. i know investors are looking at investing in european financials and haven't dreamt of that for years. that's a mood that has grown in the past couple of weeks. >> it's steve mcmahon. would you say the global markets are anticipating that america will go over the cliff or do...
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Dec 24, 2012
12/12
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he said he wants more europe, not less of it. he just doesn't believe in all the austerity policies that have been put in place. and he made fun of mario monti during the interview. said mario monti has done a great job, every single economic indicator is lower. unemployment is higher, the gdp is lower, et cetera. the only thing that hasn't been dramatically is the spread between the italians and the germans bonds, and he says who cares about that. >> all right. happy holidays. >> merry christmas. >> merry christmas. >> wearing green. >> coming up -- >> you are wearing green. >> 'tis the season for last-minute shopping. procrastinators rushing to the stores. we're going to ring up the retailers, which companies and which stocks have been naughty this year. which have been nice? >>> welcome back to "squawk box." this morning on this christmas eve special -- do we call it a special edition of "squawk box"? it's always special. let's get you to some of the morning headlines. it is a shortened trading day on wall street with stock ma
he said he wants more europe, not less of it. he just doesn't believe in all the austerity policies that have been put in place. and he made fun of mario monti during the interview. said mario monti has done a great job, every single economic indicator is lower. unemployment is higher, the gdp is lower, et cetera. the only thing that hasn't been dramatically is the spread between the italians and the germans bonds, and he says who cares about that. >> all right. happy holidays. >>...
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Dec 31, 2012
12/12
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markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing sud
markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in...
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Dec 22, 2012
12/12
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i don't think even if it has a heather girl people who voted the second pass system in europe. in this case, i do not think because there's a high percentage of children living in aberdeen that that means are ready to save the people well enough. we should have issues like increasing the minimum wage because that is affecting every single young person's employment. thank you. [applause] >> how about a young person from the southeast? to a quick click [inaudible] concerts that raised young person is important. from scotland, northern ireland, west of england by transport. however this is a lingering issue. we have tried again and again to try and make cheese and make transport cheaper, but we have moved issues different because we know this is the people. as young people we have to make this a national issue, not just one year after year. this is the year of change. 2013 is coming. we can't have the same issues. it's not supposed to be fair on everyone. so i beg you, let's try something different. [applause] >> how about the female speaker from the northwest? anybody from the no
i don't think even if it has a heather girl people who voted the second pass system in europe. in this case, i do not think because there's a high percentage of children living in aberdeen that that means are ready to save the people well enough. we should have issues like increasing the minimum wage because that is affecting every single young person's employment. thank you. [applause] >> how about a young person from the southeast? to a quick click [inaudible] concerts that raised young...
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Dec 26, 2012
12/12
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FBC
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>> quite simply, europe looks so bad where would you put the money? alternative to --. lori: talking about that for a year now. there is no interest payment in u.s. bond. u.s. stocks are really a better return right now. >> well they are right now but if we go over the cliff you might not want to repeat that statement. cash might, a lot of people are going to have to move to cash if they really feel shaky about the u.s. government. but gold. we might see a boom in gold. lori: buy up that bullion. bury it in the backyard. real hard asset. >> just like french farmers. lori: no kidding. tracy: peter, you're great. have a happy new year. >> happy new year, friend. lori: i wasn't arguing with him. i was agreeing with him. tracy: you're question is a good one. where are the bond vigilantees? they have been gone for months now. lori: for years. tracy: for years, you're right, my goodness another housing bailout, the government backing up a plan to bail out underwater homeowners that may ultimately leave you on the hook. tracy: let's look how oil is trading as we head out to br
>> quite simply, europe looks so bad where would you put the money? alternative to --. lori: talking about that for a year now. there is no interest payment in u.s. bond. u.s. stocks are really a better return right now. >> well they are right now but if we go over the cliff you might not want to repeat that statement. cash might, a lot of people are going to have to move to cash if they really feel shaky about the u.s. government. but gold. we might see a boom in gold. lori: buy up...
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Dec 31, 2012
12/12
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we have a -- a different form of government than they have in europe. this is not a parliamentary system. if you're in a parliamentary system, one government rules everything. it's one party rules everythingmeneverything.you hav. you have the speaker -- the equivalent of the speaker -- and the leader all in one party. and then you don't compromise, you put that out there and you get your program through. if there's a lack of confidence, the people can change parties. the next party comes in and does what it wants. that is not what we do here. sometimes i wish it was the form of government we had because at least there would beome action and you would know what to expect and you wouldn'tave this uncertainty. because each party has its dreams, its hopes, its plans. and they would have the chance to get those policies through. we don't have that here. have to meet each other halfway. because the house is run by the republicans and it will be next time. the senate is run by the democrats but it is not a supermajority. we have to deal with our colleagues. th
we have a -- a different form of government than they have in europe. this is not a parliamentary system. if you're in a parliamentary system, one government rules everything. it's one party rules everythingmeneverything.you hav. you have the speaker -- the equivalent of the speaker -- and the leader all in one party. and then you don't compromise, you put that out there and you get your program through. if there's a lack of confidence, the people can change parties. the next party comes in and...
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Dec 5, 2012
12/12
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indeed, it would be similar to what we're seeing in other parts of the world where study measures in europe have already caused many of their economies to slip back in recession. we can't do that. we've got to provide both confidence and the resources for consumers to go into the marketplace and continue to sustain this recovery. in fact, i would hope to accelerate this recovery because we need more to demand, more jobs, more activity, not less. now, unfortunately, the record of some of our colleagues on the other side has suggested that when it comes to making difficult decisions on behalf of the majority of americans, there is at times a disconnect. we've -- i've been in this congress where the other side has threatened government shutdowns, where the other side has seriously considered defaulting on the debts of the united states. i have seen threats to end unemployment insurance compensation. that would be a tremendous disadvantage to so many americans. so i am hopeful that we can respond both thoughtfully and decisively by passing the legislation the senate has already passed with resp
indeed, it would be similar to what we're seeing in other parts of the world where study measures in europe have already caused many of their economies to slip back in recession. we can't do that. we've got to provide both confidence and the resources for consumers to go into the marketplace and continue to sustain this recovery. in fact, i would hope to accelerate this recovery because we need more to demand, more jobs, more activity, not less. now, unfortunately, the record of some of our...
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Dec 28, 2012
12/12
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there is sort of a sensible attitude in europe and the uk about cost reduction. as i said, i had two children there. i had fantastic care, top quality care, up until the moment i had a healthy kid, and then that's where you start to see the cost cutting. you go into a room with 20 other people. that's okay, if that means everybody can have their pregnancy paid for, that's a great tradeoff. >> let me ask you a real time question here in the united states of america. we'll use my mother as an example. she lived to be 94 years of age. the last year of her life, she was fairly healthy until the last two or three months of her life when her pacemaker, problem with that, pneumonia, a stroke. she was back in the hospital on the average of every two weeks. i would take her back to the hospital. who gets penalized in a case like that? the hospital, the patient, who gets penalized? >> in this case, it would be the hospital. that's what's changing now. they're looking at ways to try to prevent people from continually coming back. this lady is not at the end of her life. she
there is sort of a sensible attitude in europe and the uk about cost reduction. as i said, i had two children there. i had fantastic care, top quality care, up until the moment i had a healthy kid, and then that's where you start to see the cost cutting. you go into a room with 20 other people. that's okay, if that means everybody can have their pregnancy paid for, that's a great tradeoff. >> let me ask you a real time question here in the united states of america. we'll use my mother as...
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Dec 19, 2012
12/12
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. >> what about europe? will the euro zone up stick together and will the uk start part of the union? david cameron said in the last couple of days there may need fob a referendum on that. >> the euro zone will stick together. they made a decision through this year. they made a decision to keep themselves together, and britain be want to be a fully fledged member of the european union and not of the euro zone. we don't have to merge our kurn stee, we don't have to american our budget policies, we don't have to do all the things they need to do to make their currency work. by the way, alexander hamilton taught us all you need to do to make single currency work a couple years ago. >> here's a point of view from the upcoming issue of the new york magazine. this is adam davidson saying god save the british economy. as long as it continues -- >> i wonder where this will go? >> as long as as it continues, it offers crucial lesson for the united states. so far austerity has not significantly improved economic healt
. >> what about europe? will the euro zone up stick together and will the uk start part of the union? david cameron said in the last couple of days there may need fob a referendum on that. >> the euro zone will stick together. they made a decision through this year. they made a decision to keep themselves together, and britain be want to be a fully fledged member of the european union and not of the euro zone. we don't have to merge our kurn stee, we don't have to american our...
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marine corporal general joseph doneford and replaces general john al llen, nominatedo head forces in europe. allen's nomination on hold because of his involvement in the sex scandal that brought down former cia director david petraeus. >>> in foreign news, new intelligence reports, indicate syria's government may be preparing to use chemical and biological weapons against the rebels. in response though, the u.s. and its allies are considering military options. here's abc's martha raddatz. >> reporter: the latest intelligence is alarming. officials telling abc news the u.s. is now seeing specific signs that the syrian regime may be preparing to use the chemical sarin against opposition forces. sarn is an extremely toxic substance that can kill a person in matter of minutes with only one drop. the victim suffocated from the paralyzing effects of the toxin. this new intelligence has the obama administration so concerned, harsh warnings came from the president himself. >> i want to make it absolutely clear to assad and those under his command the world is watching. the use of chemical weapons i
marine corporal general joseph doneford and replaces general john al llen, nominatedo head forces in europe. allen's nomination on hold because of his involvement in the sex scandal that brought down former cia director david petraeus. >>> in foreign news, new intelligence reports, indicate syria's government may be preparing to use chemical and biological weapons against the rebels. in response though, the u.s. and its allies are considering military options. here's abc's martha...